Wednesday, May 06, 2015

Economy

Apple Watch causing rashes.

Yellen sees no bubbles in the economy. At least she said high stocks are a potential danger.

Government is intentionally re-inflating the subprime mortgage bubble.
"It seems hard to believe, but your government is purposely recreating the mortgage debacle of 2007 and putting you on the hook for the billions in losses coming down the road. In their frantic effort to generate the appearance of economic recovery they are willing to gamble with taxpayer’s money while luring unsuspecting blue collar folks into buying houses they can’t afford. During the previous housing bubble, greedy Wall Street bankers, deceitful mortgage brokers, and corrupt rating agencies colluded to commit the greatest control fraud in the history of mankind. This time it is your government, aided and abetted by the Federal Reserve, that is actively promoting the lending of money to people incapable of paying it back. And again, you the taxpayer will be on the hook when it predictably blows up." 
I don't know how he absolves government and the Fed in the previous subprime mortgage bubble.

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